Simon Property Group, Inc.

Simon Property Group, Inc.

SPG

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Market Cap$66.45B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Simon Property Group, Inc.Simon Property Group, Inc.14.24.22%96%10.26

Earnings Call Q1 2026

May 11, 2026 - AI Summary

Strong start to 2026 + raised guidance: Q1 2026 real estate FFO $1.2B / $3.17 per share, up 7.5% YoY ($2.91 per share reported FFO). Company raised full-year 2026 real estate FFO guidance to $13.10–$13.25 per share (vs $12.73 last year), ~+5% at the midpoint. Growth drivers cited: occupancy gains, higher shopper traffic, and higher retailer sales; NOI growth ~6.7% YoY (including ~120 bps from acquiring remaining TRG interests).
Leasing momentum (demand/capital returns engine): In Q1, Simon signed >1,100 leases totaling >4.7M sq ft; about 25% of leasing volume were new deals. They’ve completed >75% of 2026 expirations, ahead of last year by roughly ~200 bps (reported as “occupancy/expirations” progress). Pipeline is described as larger than last year and broad-based across geographies and retailer categories (legacy + new business; luxury + juniors + athleisure + restaurants).
Retailer sales/trends (good and somewhat mixed): Mall & Premium Outlets sales $819/sq ft, +11.8% in the quarter. Total sales volume growth: +5.6% over TTM and +8.8% in the quarter; comparable sales +6.5% for Q1. Management flags broad-based strength (luxury/jewelry/athleisure/juniors) and says F&B is the only slightly softer area (flat); tourist-heavy markets are touch softer (example given: Woodbury ~2.5% comp vs 6.6% typical), with Orlando and some Sunbelt markets strong—implying geographic dispersion.

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$203.60

Target Price by Analysts

0% upsideSimon Property Group Target Price DetailsTarget Price
$191.98

Current Fair Value

5.7% downside

Overvalued by 5.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$66.45 Billion
Enterprise Value$94.89 Billion
Dividend Yield$8.65 (4.22%)
Earnings per Share$14.14
Beta1.36
Outstanding Shares324,034,000

Return

Return on Equity96.34%ROE
Return on Assets11.81%
Return on Invested Capital16.45%

Valuation & Multiples

P/E Ratio14.19P/E Ratio
PEG89.27PEG
Price to Sales10.18Price to Sales
Price to Book Ratio10.71Price to Book Ratio
Enterprise Value to Revenue14.27
Enterprise Value to EBIT15.2
Enterprise Value to Net Income20
Total Debt to Enterprise0.31
Debt to Equity5.96Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 11, 2026
EPS Estimate
$1.46
Average shareholder expectation
Revenue Estimate
$1.54 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 3, 2026
EPS Estimate
$1.59
Average shareholder expectation
Revenue Estimate
$1.60 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.2274 14.56%
Total Calls1,403,915 8.67%
Total Puts1,723,147 2.86%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %89.65% 0.30%
Total Invested$54.49B 0.41%
Investors Holding1,352 21.00%

ESG Score

No data

About Simon Property Group, Inc.

2,018 employees
CEO: David Simon

Simon Property Group, Inc. is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company Its properties across North America, Europe and Asia prov...

Relevant Senate Committees

Joint Committee on Taxation

This committee's role in developing and analyzing tax legislation, including revenue estimates, directly impacts the corporate tax structure and financial viability of REITs like SPG.

Finance

This powerful committee controls taxation, which is critical for REIT structure and profitability, and influences consumer spending through trade and entitlement policies.

Banking, Housing, and Urban Affairs

This committee directly regulates the financial system, including the SEC and HUD, and explicitly impacts real estate markets, which is central to SPG's operations as a REIT.

Budget

This committee sets federal spending and fiscal policy, which significantly influences the macroeconomic environment, interest rates, and consumer confidence, all vital for SPG.

Joint Economic Committee

This committee's influence on economic conditions, inflation, employment, and Federal Reserve policy directly impacts interest rates, consumer spending, and property valuations, all critical for SPG.